Business Loans

At West Town Savings Bank, we’re serious about supporting the small businesses that help our local economy thrive.  We’re here to support you with loans to assist you with your working capital, equipment, leasehold improvements, and other business lending needs to help your business grow.

Lines of Credit

We’re here to help with your short term borrowing needs to manage your ongoing and seasonal cash flow fluctuations for your business such as inventory, payroll, and account receivables.

Equipment Loans

When the time comes to purchase the equipment you need to grow your business, West Town Savings Bank offers competitive financing with flexible terms and options.  Our Commercial Lenders can offer loan terms that correspond with the life of the equipment, repayment arrangements based on your cash flow and flexible collateral options. 

Agribusiness Lending

We can offer agribusiness loans that are structured on a revolving, seasonal, or term basis with repayment terms structured to work with your cash flow for warehouse operations, farm machinery, crop production, livestock production and agricultural land purchases. 

Business Owner Occupied Real Estate Loans

West Town Savings Bank offers competitive financing for the purchase of new office space, a manufacturing facility, a warehouse to store inventory, or to refinance existing business real estate.

Construction Loans

Our experienced lenders can assist you with a construction loan to help you build a new building or to improve your current property.

USDA Government Lending

The USDA Business & Industry Guaranteed Loan Program is intended to improve, develop, or finance business, industry, and employment to improve the economic and environment climate in rural communities. West Town Savings Bank has a team of lenders who are experts in USDA lending and can assist you in determining if your business qualifies. 

SBA Loans

Let the government help you obtain bank financing for your business. The Small Business Administration (SBA) was created to assist American small businesses. The most important function of this agency is their loan guarantee program - which helps businesses obtain financing through banks. This includes improvement of assets, refinancing existing debt and working capital.

 

The members of the West Town Savings Bank commercial lending team stand ready to assist you with turning your plans and goals for your business into reality!

 

Kevin Kosobucki
Commercial Lender
North Riverside, IL
(708) 447-3330

 

Michael Hare
Commercial/Agri-Business Specialist
Edenton, NC
(252) 482-4400

Tom Smith
Commercial Lender
Greensboro, NC
(336) 272-2922

Steve Skinner
USDA/Government Lending Specialist
Edenton, NC
(252) 482-4400

Riddick Skinner
USDA/Government Lending Specialist
Myrtle Beach, SC
(843) 626-7893